Morning Oregonian. (Portland, Or.) 1861-1937, August 10, 1912, Image 15

Morning Oregonian., August 10, 1912, Page 15, Image 15

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Newspaper Page Text13 MOR2STXG OREGOXIAX. SATURDAY, AUGUST HOP TRADE WAI TING AI! Markets Are on a Steadier Basis. BOTTOM MAY BE REACHED 31 8 13 .... 17 I'll 3 5 .... 20 1 3 2 1 3 1 7 31 2 10 1 . 10 1 3 8 115 41 244 ST 176 !d7 -Zi -tU 3 263 Farmers In This State Are Slow to Contract at Present Quotations. Decline in Continental Mar kets Has Been Checked. Th hop market Jut now Is in a waitlng attitude. There are hardly any order com ing In. aa buyers are holding back pending a clearer view of the effect of the preaent weather conditions on the quality of the crop. So far as can be learned there ia no danger whatever on this score, but the buy era are cautious. Farmers in the Willamette Valley are not offering to contract. The market for the new crop Is quoted at 18 to SO cent, and it Is probable that when busing Is again resumed it will be within this range. There seems to be good reasons for a aumlng that the decline In prices has been checked. From the first contracts made in the Spring until the 20-cent level waa reached, the recession was uninterrupted, but at the 20-cent figure the market showed evidence of halting. It Is probable, there fore, that the market Is now at. or within a few cents of bottom. Crop condition In general have In no way changed, but a price has been reached that Is attractive to con sumers If the quality is assured. The California market, judging from the limited amount of business- that is passing. Is on a parity with the Oregon market. Cable received yesterday quoted th Ger man market steadier. An English crop estimate of 380.0OO cwt. was cabled. According to the Amity Standard, the hopyard of George Massey Is one of the best appearing In th country. Last year Mr. Massey pruned his hops back much farther than the average grower doe, and many thought he had ruined his yard, but this year proves that It was the proper thing to do. The hop r of fine quality, and Mr. Maasey clalma th preparation of the yard the year before Is responsible for It. He has 54 acre in all and the yield promises to be very heavy. COARSE GRAINS ARE HELD FIRSTLY. Farmers Not Disposed to Sell Oat or Bar ley at Lower Prices. Wheat-buying of fair volum was reported from various country polnu yesterday at the prices that war offered on the pre ceding day. The demand was good at the bid prices, but sellers did not offer vary freely. The market for coarse grains was quiet. The demand was not brisk and farmers were disposed to hold out for better prices. for prompt delivery of oats 2T was asked and - for September delivery. Spot barley waa held at $26 and later shipment at 123. Weekly foreign wheat shipments were as ' follows: Thl Wk Last Wk. Last Tr. Argentina . . . .2.2HO.0OO e7.000 72H.O00 Australia .... 3.-0.OW 3R2.000 B2O.000 India 1.08.000 1.S36.000 eso.ooo Local receipts. In cars, wer reported by the Merchants' Exchange as follows: Monday . . Tuesday . . Wednesday Thursday Friday . . . Year ago. . Season to d Year ago.. local srrruxH of fruit are large Good reach -CleaoUp Readily Overstock of Soft Cantaloupe oa Street. Supplies of fruit of all kinds were large yesterday and the demand was generally good. Choice peaches cleaned up at 75 0 S3 rents, but common tock old much lower. Th Indication ar that Yakima peach will not be as plentiful a waa expected earlier In the season. Many farmers an ticipated low prices and did not take the usual care of their orchards. The result has been that much of the fruit will be of small and undeslrabl sizes. A fin ear of Yakima peachea cam In last night, th first straight car of Craw ford of the season. They will be offered this morning at eO cents a box. The grape market waa in good shape for good stock, but waa glutted with sour aeed less grapes. There were also a good many Immature Washington pear offered. Choice Bartletta, however, sold readily at (1.40V 1.60 a box. Th cantaloupe market waa weak, owing to th large otferinga of soft stock. Cali fornia cantaloupes sold at SI-23 1.50 and Oregons at 75cal a crate. Watermelon sold freely- Yakima melons are 4elng offered to the trade for shipment next week. Vegetables of all kinds were In fair sup ply except good tomatoes. Walla Walla onlongrowera are firmer In their idea, as the bulk of the surplus haa been worked off. Good Demand For Poultry and Veal. The poultry demand was good yesterday, especially for hens, which sold at 13S13V cents. Springs were worked off in con nection with larger fowls. - There was an active demand for veal and choice dressed calves brought 14 H 5 IS rents. Pork waa also firm. Th egg trad waa alow and in aome quar ter stocks tended to accumulate. Butter and cheese were unchanged. Alfalfa Meal Mill at Wapato. WAPATO. Wash.. Aug. 8. SpclaL A large alfalfa meal mill Is being built here by W. W. Robinson Co. It will be In operation by September 1. All crop In the Yakima Valley ar in good condition. Bank Clearing. Bank clearing of the Northwestern cities yesterday wer a zonows: Clearings. Balances. Portland $1.S38.S1T I 6S.24J Seattle 1.713.385 Tacema 4.44 Spokane 678.797 PORTLAND MARKET!. Grain, Floor, Feed, Etc WHEAT Track prices, new: Club. T8 77c; bluestem. 79960c; old wheat, nominal. FLOUR Patent. J5.10 per barrel straights. 14.70; exports. 14.20; Valley. 11.10. BARLEY New. J2.1H28 ner ton. MILLFTUFFS Bran. $25 per ton; short. $28; middlings. $32; rolled Barley. $29. HAY Timothy, $14011: alfalfa. IllO"; clover, $10; oata and vetcu. HJ; grata say, 10. CORN Whole. $39: cracked, $40 per ton. OATS New, $26 per ton. Dairy and Country Prod no. , EGOS -Case count, lie; candled, lie; x trss. 27o per doaen. BUTTER Oregon creamery butter, eubes. Sic rer pound; prints. 32 Ho per pound. CHFSSE Triplets and daisies, 1740 par pound; young Americas, letie per pouno. POKri. r ancy. iuuo per pouno. VEAL Fancv. 14V4fl.V- Dcr nound. POULTRY Hens. 13?13Vic; broiler. 15 aslope; ducks, young. l?c; geese, ivgllc turkeys, live, 18320c; dressed, 24 0250. Stasia Groceries. SALMON Columbia . River. one-pound talis. z.za per awn; eigni-pouna law. $2.95; one-pound fists, $2.40; Alaska pink, ona-nound talla $1.25. COFFEE Roasted, la drum. MH04O per pound. HONEY Choice, $3.75 per case; (trained Honey. 10c ner pound. NUTS Walnuts. ItOlIHe per pound; Brastl nuts. 12 e: filberts. 14015a: al monds. 17021c: peanuts. OSSHc; coeoanuta, DOo0Sl per dosen; chestnuts 12Ho per pound: hickory nuts, 0010c per pound. SALT Granulated, lis per ton: half, ground. 100s $7.50 per ton; 50a. $8 ver ton BEANS Small white. 6.40c: large whit 12.70 97.920 103.269 820e: Lima. 9"e: pink. .15o: Mexican. KICK No. 1 Japan, flc; ehoapar grade. 605c; Southern head. 10TVe. BUUAR Dry granuiacao. berry. SS.95. Honolulu plantation, $3.9. beet. $5.75; extra C. 13.46; powdered, barrels.- $8.20; cubes, barrels. $6.35. nTs:r vrttitr Annies. 100 ner pound. apricot. 12614c; peacbee. 8011c: Prun'. Italian. S ttioc: diver, too; na , r black. 6tt7c; currant. 9ms; raisins, loose Muscatel. 607c; bleached Thompson, lilac; unbleached Sultanas. 8e: seeded. e He: date. Persian. SVs Pr pound; Faro, $L60 per box, l - Vegetable and Fruit. FRESB FRUIT Cherriea, 0Sc per pound, apples, old. $1.5003 per box: new. 75c$1.75 per box; peachea. 850850 per hv niiiina. AQcfisl oer box: Dears. $1.50 per box; sprlcots, $101.10 per box; grapes, $1.50 per crate; blackberries. $101.25 per crate. TKOP1CAL FRUITS uranges. jeaci. $3.5004; California grapefruit, $4.50; lemons. $$06.56 per box; pineapple. 4 per '"MELONS Cantaloupes. 7c0f 1.5n per crate: watermelons, pt huhuh-u. ONIONS wana waua. puwuvre ' - - POTATOES Jobbing prices: Burbanks. new. 60S 75c per hundred. VEGETABLES Artichoke. 650T5o per dosen; bean. 2c; cabbage. 161W per pound: cauliflower. II 1.25 per dosen: cel ery. 85c0$l per dosen; corn. 15025O per dosen: cucumber. 50c per box; eggplant. 1O012HG Pr pound; head lettuce, 20025c per doxen: pea. 8 9c per pound: pepper. 8 01Oo per pound; radishes. 15020c per dozen; rhubarb. 2"e per pound : spinach. 4 0 So per pound; tomatoes. Oc0$L5O per box; garlic. 810e per pound. SACK VEGETABLES Carrot. $1 50 PM sack; turnips, $L25 per sack; beet. $1.50 per sack. GREATER WHEAT CROP TOTAL YIELD SIXTY MILLION BVSHELS OVER LAST YEAR. Government Report Estimates Con dition of Winter Wheat at 80.4 Per Cent Apple Outlook Fine. . WASHINGTON. Aug. 9. Th August crop report. Issued today, tndlcates a yield of 290.000,000 bushels of Spring wheat and 390.000.000 bushels of Winter wheat, a to tal of 680.000.000 bushels. The country's corn crop, estimated at 2 811.000.000 bushels, will be the largest In the Nation s history, with the exception of the years 1906 and 1911. the former being ... v,, . with 1 fl2T.ooo.000 bushels. The wheat crop will rank fifth In sle dur ing the last 20 years, roe oais crup v. ... the largest the country has gathered, sur- k, oinnnnnn t.iiahels that of 1910. the previous record. Barley this year will . . . . j .uA ... In. n I ail vlflfl evtaDiisn a new return, of 202.000,000 being 24.000.000 greater than that of 190 the previous best year. The .... 3 non ono huahels. will equal that of 910. the former record year. Of potatoes, which will amount thla year to 871.000.00U busneis. only iwm w.w. 000.000 bushels produced a larger yield. The report follows: Winter wheat It is preliminarily esti mated the yield per acre of Winter wheat is 15 1 bushels, compared with 14.8 bushels last year and 15.5 bushels the average for five years, 1906-10. On the area planted, 2.1.744.O00 acres. It is estimated prelimina rily the total production of Winter wheat is 390.000.000 bushels, compared with 430. SoO.OOO bushels last yesr. 434.142.000 bush els In 1910 and 418.0OO.O00 bushels in 1909. The qualltv of Winter Wheat is 90.7 per cent, compared with 92 per cent last year and 91.1 per cent the five-year average, 1907-11. rwii Iai. th Winter wheat croDS follow: Qual- 6tate Yield. Production. Ity. Washington 27.6 r7-,"?'!0" Jl Texaa 13.0 10.5fi0.000 88 Oregon' 2.8 16.RM.0O0 87 California 17.5 6.7S8.000 Jfl Idaho 2S.4 S-.hA6.0oO 96 Spring wheat Condition. 90.4 per cent of a normal, compared with 89.8 per cent last month, 59.8 per cent last year and 80.3 per cent the average for the past ten yeara. Indicated yield per acre. 15.1 bushels, com pared with 9.4 bushels last year and 13.4 bushels, the average yield per acre for the live years 1906-10. On the planted area, 19,201.000 acres, it Is estimated the total production of Spring wheat. Interpreted from condition reports, will be 290.o00.000 bushels, compared with 190.6S.2.00O bushels last year and 2oo.9T0.O00 bushels In 1010. Spring wheat condition: 10-yr. 1011. Av. 31 81 86 81 91; yield. 1.49; produc State li: South Dakota a'k.hlnrinn 87 oat conamon. per . " mal. compared with 89.2 per cent last month, 65.7 per cent last year and 81.4 per cent the average condition for th past ten years, lud-cated yield per acre. 31.9 bushels, com pared with 24.4 bushels Isst year and 21.4 bushel the average for the five years. 1II0H. 10. On the planted area, 37.844.000 acres. It Is estimated the total production of oats. Interpreted from condition reports, will be 1.207. 000. 0O0 bushels, compared with 922. 29.000 bushels, compared with l,lStS.341.000 busii:s in 1910 and 1.007.129.000 bushels In 1909. The amount of oats remaining on farms August 1 la estimated at about 84. 872.000 bushels, compared with 6T.793.000 bushels last year and 64,199,000 bushels in 1910. Barley Condition. 89.1 per cent of a nor. mal, compared with 88.3 per cent last month. 60.2 per cent last year and 83.1 per cent the average tor the past ten yeara. In dicated yield per acre, 26.7 bushels, com pared with 21 bushels last year and 24.8 bushels the aversge for the five years. 1908. 10. On th planted area It is estimated the total production of barley. Interpreted from condition reports, will be 202,000.000 bush els, compared with 160.240,000 bushels last year, 173.632.000 bushela In 1910 and 173, 321.000 bushela In 1909. Corn Condition. 80 -per cent of a normal, mm Dared with 81.5 per cent last ' month, 69.6 per cent Isst year and 82.8 per cent the average for the past ten years. inai rated vield oer acre. 26 bushels, compared with 23.9 bushel last year and 7.1 bushe s the average yield per acre tor nve years, 19O6-10. On the area planted. 10i.110.000 acres. It Is estimated the total production of corn, interpreted from condition reports, will be 2.811,000.000 bushels, compared with 2.531.4SS.000 bushel last year. a.e86.20.000 bushels in 1910 and 2,5.2.190,000 bushels In 1909. Rye Acreage. S.09T.OO0; preliminary estl. mate of acre yield, 16.9: of production. 2, 000. 000: quality.-94. Buckwheat Condition. SS.4; acreage, 833.000; yield. 19.3; production, 16,000.000, White potatoes Condition, 87.8; yield, lOOT: nroductlon.' 371.000.000. Tobacco Condition. 82.8; yield, 820.6; production. 9S0.O00.0c)O. Flax Condition, 87.5; yield, 9.4: produe tion. 28.000.000. Rice Condition. 86.3; yield, 31.9; produc tion, 23.000.uOO. Hay. Condition tion. 78.ooo.ooo. Annie Condition. 63.8 per cent of a nor. mal. compared with 67.9 ner cent last month, 63. 9 per cent last year and 53.9 per cent the average for th past ten year. WOOL TRADING AT BOSTON HEAVY Mill Situation I Decidedly Healthy Good Trade Active. BOSTON. Aug. 9. Th Commercial Bui letln will say tomorrow: The Boston wool market ha recovered bravely from Its lull of a week ago and. with buying fairly general, has disposed of a considerable quantity of wool, particular ly of original territory, as m-ell as some graded lots. Shifted attention perhaps has been paid in Montana, which have brought as high aa 26 cents for wools running to three-eighths and half-blood on a shrinkage of perhaps 530 54 per cent. Fine staple Man tana Is reported at 24 and 25c. or 663 70c clean basis, and fine and fine medium clothing is said to have sold for a good- sized lot at about 60 c clean, The mill situation is deecldedly healthy and the cloth situation In New York had surprised many keen observers, because of its steadiness in tne race or tanri agitation. Naval Stores. SAVANNAH. Aug. 9. Turpentine Arm t 40 b 40 He. Sale. 1373 barrels; receipts. T.r9 barrela: shipment. 316 barrela; stock. 37,100 barrels. Rosin firm. Sales 2100 pounds; receipts. 1000 pounds; shipments. 7800 pounds; stocks. 111.206 pounds. Quote: B. 6.Sofe6.tO; D, $6.40: E. $.43r..'i0; E. $6.55: G. ..'i7 6.60: H. $6.6006.65: I. $6. 62 M 06.70: K. an.SStf 6.90: M. .95ibt; j. t.io0T.2O WG, $7.40; WW, $7.70. Chicago Produc Market, ' CHICAGO. Aug. 9. Butter Easy; cream erles 22V. 6 25c; dairies. KH0 234a. Em Steadv: receiDta. 8063 eases: a mark, case Included. 15Vi016VsC; ordinary Brats. 16c; Urate, lgo. Cheese Steady. Daisies. 15H015c; twins. 14k.015c: Young Americas, 1514 0 13Vsc; long horns, 15H 015Hc Woei at St. Louis. ST. LOUIS, Aug. . Wool Steady. Fin mediums, 18010c; fine. l017c Hop at London. LIVERPOOL. Aug. S. Hop in London (Pacific Coast), 70T 10s. STEEL TRADE GREAT Activity Is Especially Marked in Finished Lines. ORDERS CROWD THE MILLS Heavy Contracts for Rails Are Placed and Fnrther Buying of Cars Is Reported All Equipment Companies Are Busy. NEW YORK. Aug. 9. R. G. Dun Co.'s weekly review of trade tomorrow will say: The expansion in iron and steel continue, with activitv especially marked in finished lines and with additional price advances. In creasing difficulty is experienced in ob taining prompt deliveries and in some In stances large premiums are being paid. Plate mills are crowded with orders, while prom inent rail manufacturers are booked up to next February. Of the. 300.000 tons of rails for which in quiries were in the market, contracts for 180.000 tons have been nlaced. ono rauroaa alone taking 80.000 tons. Further buying of cars is reported and all equipment com panies are busy, while steel foundries are working at a higher rite than in many months. Tradlr. in the drv enods markets snows steady expansion, numerous buyers being present and ooeratlng with consiaeraoiy more freedom. Export trade is quiet, but shipments of cotton goods for the fiscal year Just closed exceeded those of the pre vious 12 months by 170.000,000 yards, al though only 13.000.000 yards of this amount were due to the added trade witn cnina, mc largest customer. Aggregate business in shoe leather Is In good volume, with pronounced strength still prevailing, especially In bottom stocks. Sup. piles are limited in all tannages of sole, and union backs are firm. TRADE IMPROVEMENT widespread Buyxr In the I-arger Center Are Purchas ing Freely. NEW YORK. Aug. 9. Bradstreef to morrow will say: Trade and crop reports, barring corn, are more encouraging than heretofore. Improve ment in trade has become more widespread. Buyers visiting the larger centers are pur chasing more freely and road sales are bet ter. Profits and demand for Iron and steel are growing, labor is well employed, the railroads have fewer Idle cars, collections are less difficult, money is firmer and feel ing throughout the surplus grain crop pro ducing regulations Is better than it has been for rears. Business failures In the t'nited States for the week ending August 8 were 221, against 224 last week, 20S in the like week of 1911, 231 In 1910, 219 in 1W10 and 249 in 1908. Business failures in Canada for the week were 22 in number, contrasting with 29 last week and 40 in the corresponding week last year. Wheat. Including flour, export from the United states nd Cnaa lor tne week ena Ing August 8. aggregated 2.740,195 bushels. against 2,494.657 last week and 2,560.967 this week last year. Corn exports for the week are 92.395 bushels, against 77.812 last week and 63D.7S1 in J911. Bank Clearing. NEW YORK. Aug. 9. Bradstreefs bank clearings report for the week ending August 8 shows an aggregate of $3,036,662,000, as against $2,792,256,000 Isst week and 12. 898.857.000 in the corresponding week last year. P. C. Inc. .$1,726.18.00 !. -3.3-:i,uou iv.a do preferred.. Inter Harvester. Inter Marine pf Int Paper ..... lnt Pump K C Southern. . Laclede Qas . . . Lehigh Valley .. Louts & Xash.. M. S P & S S M. Mo, Kan & Tex. Mo Pacific Nat Biscuit National Lead.. N Ry Mex 2 pf. N Y Central . . . N Y. Ont &. Wes Norfolk & West North American Northern Pac . . Pacific Mull .... Pennsylvania .. People's Gas . . . P. C C A St L.. Pittsburg Coal.. Reading Repub I & S ... do preferred.. Rock Island Co do preferred.. St L A S F 2 pf Seaboard Airline do preferred.. Slosa SheiTleld .. Southern Pac .. Southern Ry .. do preferred.. Tenn Copper . .. Texas & Pacific Union Pacific .. do preferred.. U S Realty U S Rubber . .. U 8 Pteel do preferred.. Utah Copper . . . Va-Caro Chem .. Wabash do preferred.. Western Md ... Western Union . Westing E!ec .. Wheel & L E . . Total salea for 1,500 400 oOO 61 123 1SV 60 123 18 300 1.200 5.0UO 3.80O 8o0 200 8U0 600 300 i'.ioo 100 1,000 000 15.400 5O0 1.2O0 1.4O0 100 1.100' 90.0" to 200 10O 300 'i'OO 1,000 200 ' 2.300 31.000 1.300 21.300 300 OOO 44,600 800 2.400 200 100 ""ioO 100 12.200 2i4 107 172 163 1.12 27 371 135 59 i .12 ! 118 83 130 32-4 1234s 11 1094 171 28 8Vi 26 'shi . 24 54 iii 29' 791 172 K 90 H 'r.tii 72 Vk 112 to 62 48 4 4to -5?" SI H S9to the day, 332, BONDS. Furnished by Overbeck & Portland. 60 123 i 18 15to 26 to 2G4 106to 172 to 163 132 27 371, 135to 59 30 to 117to .12 H 118 83 129 .V lh 109 to 22 to 17114 28 SSK 2rt 57 V4 35 2.1 to 53 56 111 29, 79 to 4H 172 to 90 S3 51 to 71 112to 61 48 14 4to 14 58 81 80 to . 6 700 shares. 25 106 to 171 161to 15lto 27 , 87to 135 . 59 116 -2 to 118 S3 12 32 to 123 to U7to 109 s, 21 to 169 2S SSto 26 '35 to" 23 to 53 iii'to 29 to 79 171 90 to 31 to 71 112to 61 48 4to '58' ' 81H 88 New York Chicago Boston Philadelphia St. Louis Kansas City ..... Pittsburg San Francisco . Baltimore Cincinnati Minneapolis ..... New Orleans .... Cleveland Detroit Los Angeles .... Omaha Milwaukee Louisville Atlanta Portland. Or. .... Seattle St. Paul Buffalo Denver Inrilanapolia Providence ...... Richmond Washington. D. C Memphis St. Joseph Salt Lake City.., Fort Worth Albany Columbus Savannah Toledo Nashville Hartford Spokane, Wash. . Tacoma Des Moines Rochester Duluth Macon Oakland. Cal. .. San Diego, Cal Sacramento, Cal. Helena Stockton. Cal. .. Boise. Idaho Ogden. Utah .... 7. 9.6 6.4 10.3 2 17.8 28.4 84 8.0 136.4S.-..00O 14S.126.0OO 67,285,000 48,025.000 63.865.000 51.274,000 41,286,000 28.007.0OO 17.H92.0O0 16.372.000 123 20.418. 0'W M.U 28.453.000 21.24S.OO0 15.fcll0.000 13.069.000 12.2.-.6.000 10.272.000 10,919.000 1 1 . 882,000 9.186.000 18.157.00O 10. 24.1.000 8.733.000 7.442.000 8.61H.OOO 7.805.000 6.433.000 6. 440.000 6.147.000 3.8HS.00O 6.OS0.0O0 - 6.081,000 4.311.000 4.374.000 5,601 ,00O 5.109,000 4.101,000 4.109.000 4.845.000 4.954.000 2..127.000 2.677,000 S. 079.000 2.622.000 1.641.000 1,051.000 8S6.OOO 118.000 640.000 22.1 10.6 2.2 5.0 20.4 4.2 19.6 1 26.5 23.6 4.4 16.5 2:4.1 1iT.7 43.2 11.1 2.1 30.6 8.3 24.0 19.3 5.3 29.7 38 7 7.1 7.7 39.3 36.0 8.2 13.6 4.Y 40.2 6.1 5.1 5.7 7.8 19.8 Decrease LAST PRICES ARE BEST STOCKS ADVANCE AFTER THE CROP REPORT IS ISSCED.- Closing Is Active and Strong. Easier Conditions in the New York Money Market. NEW YORK. Aug. 9. Until the final hour, when the Government crop report was issued, today stock market consisted of little more than a series of narrow advances and declines. There was much less trading than In the preceding daya of the week, with frequent periods of extreme Inertia Traders seemed bearish ly Inclined, but evidenced no action to test th market. Although the Government crop report was favorable, prloes hesitated after it publi cation, but soon recovered. In the final dealings the highest level of the day was attained by leadrng issues, with an active and strong close. Local monetary conditions pointed to In creased esse. The banks are expected to make a large cash gain In their dealings with th local ub-treanry and Interior points. The trend of bond prices ws lower on moderate dealings. Totl sales, par value, aggregated $1,407,000. United States Gov ernment bonus were un.iiiicD um QUOTATIONS. Closing Bates. xzign. low, 9.600 K2 82 'i 100 58 to 58 900 71 , .70 5,600 40 40 CLOSING STOCK Amal Copper . . Am Agricult . . Am Beet Sugar American Can.. do preferred. . Am Car A Fdy.. Am Cotton Oil.. Am Ice Secur.. Am Linseed . . . Am Locomotive. Am Smel A Ref do preferred.. Am Sugar Ref.. Am Tel A Tel.. Am Tobacco . . Anaconda M Co Atchison do preferred.. Atl Coast Line.. Bait A Ohio . .. Bethlehem Steel Brook R Traa.. Canadian Pac. Central Leather Ches A Ohio - -. Chicago Ot We C. M & St Paul. Chicago A N W Col Fuel A Iron Consol Gas .... Corn Product.. Del A Hudson.. D A R Grsnde. . do preferred.. Distillers' Secur Erie do 1st pf .... do 2d pf Gen Electric ... Ot North pf Gt North Ore . . Illinois Central. Interbor Met .. 500 200 200 ""ioo 1,700 " i'.ioo 700 900 1.500 4.100 300 2.900 700 1,700 TOO 11.7O0 700 2,700 ' Veoo 300 300 8,900 200 2.400 200 ' '400 5.400 SOn 200 900 40 '59' ' 54 25 to '44" 88 127 145 30.1 41 108 102 144to 107 38 92 298 to 27 81 108 141 80 147 14 86 54 182 ' 143 43 131 20 58 64 23 to 44" 83 120 Ms 145 30S 41 108 102 142 107 37 92 22? 80 107 141 30 145 14 's.i 54 isi'" 142 43 131 20 82 58 70 40 119 59 58 25 13 43 83 10S 127 14.1 305 108 j 102 144 107 38 92 277 27 81 17 108 141 30 147 14 168 19 35to 32to 36to 54 43 181 142 43 131 20 Amer Tel & Tel conv 4s. American Tobacco 4s... American Tobacco 6s... Atchison general 4s Atchison conv 4s Atchison adj 4s stamped Aicnison conv .s Atlantic Coast Line cons 4s.. At Otest Line "L A N coll" 4 Baltimore & Ohio 3s Baltimore & Ohio 4s Brooklyn Rapid Transit it... Can Southern first os Chesapeake A Ohio 4s. C B A Q sen mtg 4s C a A joint a C B A Q Ills 4s C B A Q Denver 4s Central Pacific first 4s Chicago & East Ills 4s Chicago K I A P ref 4s Chicago R I A P Col trust 4s. Colorado A Southern first 4s. Denver & Rio Grande 4s Delaware A Hudson conv 4s.. Erie first cons P L 4s Int Met 4tos Japanese 4s Japanese first 4c Japanese second 4s Louisville A Nashville unl 4s. Mo Kan A Tex 4s Missouri Pacific 4s New York Central 3s New York Central L S 3tos... New York City 4s New York City 4s of 1937.. Norfolk A Western 4s Norfolk & Western conv 4s. . N Y Ont A W 4s Northern Pacific P L 4s Northern Pacific 3s.., Oregon Short Line 4s Oregon & Nav 4s Penna Ry 4s of 1948 Philippine Railway 4s Reading general 4s Republic of Cuba 5s Southern Pacific first ref 4s.. Southern paciric col -s.. Southern Railway 4s.... Union Pacific first 4s... Union Pacific conv 4s... Union Pacific ref 4s United States Pteel 8 F 5s. ... United -States 2s registered... United States 2s coupon United states 3s registered... United states 3s coupon United States 4s registered... United States 4s coupon United Railway s 4s., United Railway St h 4s. Wabash first 4s Western Union 4s Cooke Co.. of Asked. Bid. -.114 .. 90 ..121 .. 98 . . 108 .. 89 ..10S 94 93 91 97 Vi . . 9.1 ..100 .. 99 .. 94 . . 96 .. 99 . .. 95-H .. 95 .. 78 ..88 .. 6S .. 95 .. 83 .. 18 .. 89 .. 82 . . 84 .. 91 .. 90 .. 9S 70' ' .. 86 . . 80 .. 93 ..105 OT .117 .. 93 .. 98 .. 68 .. 9." . . 93 ..103 .. 86 .. 96 . .103 .. 94 .. 90 .. 78 ..100 ..101 .. ' -.101 . .1U . .100 . .102 . .102 . .113 ..113 . . 6j .. 75 .. 69 .. 97 96 109 90 109 94 ' 91 89 93 10O 100 9.1 - 96 90 8.1 95 88 69 98 89 2 S7 98 s 71 87 81 94 106 97 118 93 98 69 9 94 104 86 97 103 94 90 79 100 101 96 102 101 101 102 102 114 114 65 76 69 GUESSERS ARE RIGHT Chicago Traders Correct on Wheat Estimates. FOREIGN DEMAND AT END Severe Competition From Russia and Canada Expected Next Month. Danublan Offers Are Lower Tban American. CHICAGO. Aug. 9. Government figures today on the total yield of wheat turned out to have been correctly estimated before hand by speculators here. . Guesses on the Washington statement al though correct regarding the total wheat .u, nrinnrt ons. hav- Ing the Winter yield 10.000.000 bushels too low and the Spring yieia iot. too high. -. V , 1. j ,.-.. from offers and asserted that Danubian prices were 'iej than American. a leauins v....vv, ----was quoted as declaring that the E-Pfan demand for cash wheat had been filled, and that next month this country would run into severe competition with Russia and Canada, Weakness developed from the start in wheat, but there was considerable There was no surprise In the Government "December top and low limits on oats were 33 c and 32 toe and the close 31 S 31 toe. Fi?mnes, a? the yards lifted provisions. The leading futures ranged as follows: WHEAT. Sept. . Dec. May Sept. Dec. May- Open. High, r $ .93 $ .93 . .93 .93 . .96 -96 CORN. .68 .68 .31 .55 .53 .55 Low. $ .92 .92 .96 .67 .54 .54 Cle. $ .52 .92 .96 .OSto .60 .54 Money, Exchange, Etc. NEW YORK. Aug. 9. Money on call teadv. 2S2 per cent; ruling rate, 2; closing bid. 2; offered st 2. Time loans easier: 60 days, 3 per cent: 90 davs. 4: six months. 4. Prime mercantile paper. 55 per cent. Sterling exchange Arm, with actual busi ness in bankers' bills at $4.8475 for .60-day bills and 84.8725 for demand. . Commercial bills, $4.84. Bar silver. 61c. Mexican dollars. 48c. Government bonds steady: railroad bonds easy. LONDON, Aug. 9. Bar silver quiet, 28 l-10d per ounce. Money 12 per cent. The rate of discount In the open market for short bills is 2 15-1'&3 per cent; for three months' biilt, 3 1-163 per cent. SAN FRANCISCO, Aug 9. Sterling on London. 60 days, (4.84; do. sight, $4.87. Drafts Sight, lc: telegraph. 1c. CATTLE SUPPLY GOOD YARD TRADING IS MOSTLY IX THAT DIVISION. Bulk of Steers Offered Sell at $6.25. Top Price Paid for Best Quality. Xo Hogs pn Sale. There was a good supply of cattle at the yards again yesterday and trading there fore was principally In this line. The sheep run wa moderate, and very few hogs ar rived. Steer sales In carloads ranged from $6.25 igti.SO. the bulk of the sales being at the former figure. Cow and heife'rs moved at current prices. No business at all wa reported in the hog division. Sheep sales were few and at unchanged prices. Wethers sold at $4.25, ewes at $2.50, yearlings at $3.50 and $4.35 and lambs at $5. Receipts yesterday were 403 cattle, 54 hogs and 858 sheep. Shippers were: Sevier A Weed, by boat, 54 hogs: C. G. Adams. Oakland. 2 cars of sheep; George Kohlhagen Roseburg, 1 car of cattle; A. R. Ford, Sheridan, 1 cur of sheep: Tom Sthodde, Minidoka, Idaho, 6 cars of cattle; Frank Sthodde, Minidoka, 2 cars of cattle, and V. W. Burke, Minidoka, 3 cars of cattle. Th dy' sales were a follows: Weight. Price. lina n..'o ....1067 ... .1068 ....1081 ....1047 ....1040 ....1079 1081 .... 894 1190 .112 26 steers . . 27 steers . . 27 steers - -27 steers . . 27 steers . . 27 steers . . 27 steer . . 26 steer . . 42 cows" .. 1 steer .. 23 steers -. 1 steer 1 steer 12 steers . . 20 steers . . 1 steer 7 steers . . 5 steers . -18 steers . . 28 steers . . . 26 steers . . 2 steers . -9 steers . . 1 cow 1 cow 1 cow 2 cow . .. 1 cow' . ... 4 heifers . 54 lambs . . 59 ewes . . . 22 yearlings 86 yesrlinga 31 wetners ..1110 . .1120 ..1009 . .1129 . .1190 . .1146 . .1050 . .10.11 ..1082 . .1038 . .1000 . . 10.12 . . 960 . .1030 . .1140 . .1010 . .1070 . . 790 . 72 . . 97 . . SO . . 74 99 6 23 8.2,1 6.25 6.25 6.25 6.25 6.23 5.40 60 6.45 6.25 6.2.1 6.25 6.80 7.00 6.2,1 5.7.1 6.40 6.73 8.7.1 50 8.00 4.75 5.75 4.00 5.00 .1.73 6 00 5.00 2.50 4.3.1 3.50 4.23 The range of pricea at the yards was as follows: Choice steers Good steers Mfiium steers Choice cows Good cows Medium owr Choice calves Good heavy calves Bulls Stags Hogs . Light Heavy Sheep Yearlings Wether . .. $6.7.1 fr$7.00 ... 6.00& 6.50 . .. .1.75 6.00 ... 5.75 6.23 . .. S.SOt 5.7.1 ... 5.009 5.50 . .. 7.00 8.50 . .. 6.00 6. 50 . .. 3.50 5.01) . .. 4.75 6.00 . .. iOO 9.00 ... 6.25(6) 7.5o Ewes Lam 3.00 4.50 3.00W 4.6u . . 3.00 3.75 01;;;;";,.;" .ooj 5.83 Omaha Livestock Market. SOUTH OMAHA, Aug. 9. Cattle Re ceipts. 1O00; market, steady. Native steers. $.14080.80; cows and heifera, $3.507.50; Western steer. $58.S0; Tex., steers $4 56 8.40; range cows and heifers. $3117, can ners 2 734.23: stockers and feeders. $3.73 lV calves" $4 8-25; bulls, stags, etc. $3.85 &Hogs Receipts. 4600: market 3c higher. Heavy. $7.75$; mixed. $7.857.95: light, $7 808.15: Pigs. $6.50 8 7.50; bulk of sales. TSheepRecetpts, 5500; market, steady to strongYearllngs. $4.50115.25; wethers. $3.75 4 50; ewes. $3.254.10; lambs. $t..4org, ,.60. Aug. . Sept. . Dec. . May . Sept. Oct. Jan. Sept. Oct. Dec. Sept, Oct. Jan. .31 .31 .S2 .34 .31 .31 .:t:' .34 17 5 is!32 18.37 10.52 11. 10.60 10.67 's 10.42 it 10.62 . OATS. 31 .314 32 .32 33 .3:1 .35 .35 MESS PORK. 17. SO 17.87 17.77 17.85 17 80 17.85 17.7T. 18.35 1S.40 LARD. 10.52 10.60 into 10.70 "....10.40 10.42 10.10 SHORT RIBS. .A ar. 1 aiyi: 1 ft ftA ::::io:.i2 10.60 10:52 10.50 r'.h"o'uotatlons were as follows: Flour Steady. Rye No. 2, 7075c. , , . Barley Feed or mixing. 45 9 50c; fair to choice malting. 60ig70c. Timothy seed $4 6. Clover seed $10 (& 15. Pork Mess, $17.75 17 87. Lard In tierces, $10.52. Short ribs Loose, $10.82. Grain statistics: Total clearances of wheat and flour were equal to 314.000 bushels. Exports for the week, as shown by Bradstreefs. were equal to 2.740,000 bushels. Primary receipts were 1,411.000 bushels, compared with 972,000 bushels the corresponding day a year ago. Estimated receipts for tomorrow: Wheat. 156 cars; corn, 115 car; oats. 274 car; hogs. 9000 head. Grains in San Francisco. SAN FRANCISCO. Aug. 9. Spot quota tions: Walla Walla, $1..101.52 : " R.VJ" slan. $1.52 f 1.55; Turkey red. $1.60 I. 62: bluestem. $1.60ig 1.62 : feed barlej, $1.17 1.80; white oats. $1.60-81.05; bran $2626!o0; middlings, $3536; shorts, $30.50 &31. Call board sales: What December, $1.45 per cental. Barley December. $1.21 per cental; May, $1.27 bid per cental. Minneapolis Grain Market. MINNEAPOLIS. .Aug. 9. Wheat Sep tember, 922c; December, 92fi92i,c: Slav, 97i5 97 c. Closing: Cash, No. 1 hard. II. 6,1: No. 1 Northern. (1.04 01.05; No. 2 Northern, $1.02 !g 1.03 ; No. 3 wheat, 99 el$1.01. Flax 1.8S. Barley 40&S8C Corn No. 3 yellojf. 7171e. Oats No. 3 whltej 38 40c. Rye No. 3, 62 63c. Puget Bound Grain Markets. TACOMA, Wash.. Aug. 9. Wheat Blue stem 82c; club, 79c. Yesterday's car re ceipt's Wheat. 12; barley. 1; oats. 1; hay, 11.' SEATTLE. Wash.. Aug. 9. Wheat Blue stem 78c; fortyfold. club and nfs, 77c; red Russian, 75c. Yesterday's car receipts Wheat. 12; flour. 10; hay, 7; barley, 3; rye. 1; corn, 1; oats. 1. European Grain Markets. LIVERPOOL. Aug. 9. Close: Whest October. 7s 4d; December, 7s 3d. Weath- ""Engl'lsh country markets firm; French country markets quiet. SAN FRANCISCO PRODUCE MARKET Prices Quoted at the Bay City fot Vege tables. Fruits, Etc. SAN FRANCISCO. Aug. . The follov Ing produce prices were current here today: Fruit Apples, choice, 65c; common, 40c; Mexican limes, $55.50; California lemoni choice. $6; common. $2; pineapples. l.o 2 60 Cheese Young America, 15 16c. Butter Fancy creamery, S2c. EgB,Store. 23c: fancy ranch, 27c. Vegetables Cucumbers. 256 lie; garlic, 24i3'-jc; green peas. $1.50'fl 2 2o: string beans. 50c: tomatoes. 40c $1; eggplant, 40 75c; onions, 50B75c Potatoes River Burbanks. nominal, Ore gon Burbanks nominal; Early Rose, nom inal; sweets. 4 (84c. Hay Wheat. $12 18; wheat and oat, $120 18.50; alfalfa. $11 13.50. Receipts Flour. S24 quarter sacks; wheat, 1089 centals; barley. 6575 centals; potatoes. 6610 sacks; bran. 80 sacks; middlings, 10 sacks; hay, 818 tons. Coffee and Sugar. NEW YORK. Aug. 9 Coffee futures closed steady 1 to 8 point higher. August, 12.76c; September. 12.82c; October, 12.87c; Novem ber, 12.93c; December. 12.97c: January. 13c; February. 12.98c; March. 13.08c; April. 13.05c; May. lS.07c: June, U.Osc: July. l3Spot steady. Rio 7s. 14o: Santos 4. 14c. Mild quiet Cordova. I61JI80 nominal. Raw sugar steady. Muscovado, 89 test, 3.65c; centrifugal. 96 test, 4.06c: molasses sugar. 89 test. 3.30c. Refined steady. Stock at Boston. BOSTON, Aug. 9. Closing quotations: Allouez ' :uuiimvk ........ Amalg Copper.. S2'Nevada Con 21 A 7. L A sm... 30 Nipissing Mines. 7 Arizona Com . . 57 North Butte 29 B & C C & 8 M. 7, North Lake Cal & Arizona.. 75 Old Dominion.. Cal & Hecla 525 (Osceola Centennial 22 Qulncy rop Ran Con Co 57 Shannon Franklin ....... 1J (Superior ...... . i.iroitv 1 UII ... ' - ........ - Granby Con ... .13 Tamarack 4,i Greene Cananea. 10 I US S R M... 46 I Royalle (Cop) 35 do preferred... 49 Kerr Lake 2 Utah Con ...... 11 Lake Copper.... 33 .Utah copper Co. tl I.a Salle Copper. 6!Wlnona j Miami Copper.. . 29iWolverln 105 Metal Markets. NEW YORK. Aug. 9. Copper, unsettled. Standard spot. 16.75 17.23c: August. 16.... I817e; Seotember and October. 17l,.2oc. electrolytic. I717c; lake, l.lic; "Tin rrn "spot. 45.20 45.45c : August, 45.10e45.45c; September. 4345.23c. Lead, firm. 4.454.55e. Spelter, quiet. 0.756.95c Antimonj-. steady. Cookson's, 8.60SS.65c Iron, steady, unchanged. .... Copper arrivals at New York 210 tons. Exports this month 5902 tons. London cop oer firm. Spot and futures 77 6a. London tin steady. Spot. f205: futures. 203. Lon don lead. 19 7s 6d. London spelter. 28 5s. Iron Cleveland warrants, 60s 3d In Lon don. ' 5 . 57 .115 . 91 . 17 . 45 1 Dried Fruit at New York. NEW YORK, Aug. 9. Evaporated apples quiet but firm. Spot prunes steady, futures easy. Apricot quiet. Peachea barely steady. Raisins firm. Duluth Flax Market. DULCTH. Aug. 9. Close: Linseed on trsck. $1.89; in store. $1.89; to arrive. $198; September. $1.84 bid; October. $L74; November, $1.72 bid. New York Cotton Market. NEW YORK, Aug. 9. Cotton futures THE UNITED STATES NATIONAL BANK PORTLAND, OREGON UNITED STATES DEPOSITORY Capital ...... $1,000,000 Surplus and Profits $ 1 ,000,000 OFFICERS J. C. Aty WO R TIT, President. W. W. SCHHEER. Cashier. R. LEA BARNES, Vice-President. A. M. WRIGHT. Assistant Cashier. W. A. HOLT. Assistant Cashier. LETTERS OF CREDIT AND TRAVELERS' CHECKS ISSUED NEGOTIABLE EVERYWHERE DRAFTS DRAWN on ALL FOREIGN COUNTRIES ! LUMBERMENS National Bank DIRECTORS. GEORGE G. BINGHAM P. S. BRUMBY E. G. CRAWFORD JOHN A. KEATING DR. K. A. J. MACKENZIE ROBERT TREAT PLATT CHAS. P. RfSSELL J. E. WHEELER G. K. IVKN'TWOBTH LLOYD J. WENTWORTH ADOLPHE WOLFE Capital - - SI, 000,000 LADD & TILTON BANK Established 1859. Capital Stock $1,000,000.00 Buxplua and Undivided Profits 800,000.00 - Commercial and Savings Accounts Letters of credit, drafts and travelers' checks issued, avail able in all parts of the -yorld. OFFICERS tV. M. Lad, PtTAMent. Robert S. Hovrarrt, Ast. Cashls Edvrard Cooklntcham, Vlce-Pres. J. W. Ladd, At. (VaHbler. V. li. DuiickJey, Cashier. WUltep M. Cok, Ast. Cashier. First National Bank Capital $1,500,000 Surplus 900,000 Oldest National Bank West of the Rocky Mountains The Canadian Bank of Commerce INCORPORATED 1S6". Head Office Toronto. Canada. New York 10 Exchange Place. London Lomliard Street. Over two hundred other branches in the United State and Canada. Every'care taken of collections. Drafts on all foreign """tries and principal cities in United State and Canada bought and sold, and a gen eral banking business transacted. Interest allowed on Time and Special Deposit. PORTLAND BRANCH, SECOND AND STARK STREETS F. C. MALPAS, Manaser. il : '- 6jV Time has demonstrated its serviceability and i KSttiV ti'S&$.f9m superiority. TherV avery reason why the . I Vr&W&fo'&PWW streets adjacent U your property should be VM 5 Hff''''M; lmuroved. lPj BARBER ASPHALT. Lsiaian,iiiiisTi:rri'"'' -ii' sshssssss-tsttli r i'sM 1 Wrti iM'tiiimimkmmiaicy closed very steady S to 11 points lower. Au gust. 11.71c; September, U.75c: October. U.88c; .November. 11.89c: December. 1L?. January. 11.88c; February. 11.94c; Marrh. 12c; May. 12.08c. Spot closed quiet. Mid dling; uplands, 12.30c; do. Gulf. 12.55c. .Sales, 366 bales. NEW ORLEANS." AUK. 9. Spot cotton easy. Middling;. 12 Condition of the Treasury. WASHINGTON. Aug. 9. At the beginning of business today the condition ot the Lntted States Treasury was: Working balance In Treasury of- tn hnnkV'a'n'ii 'phil'lDDlne Treasury 33,681.8:19 Total of general fund Receipts yssterday Disbursements were Surplus to date this fiscal year Dencil ac mis lime iboi jc. These figures exclude Panama Canal and public debt transactions. 163. 159. 5". 1 3,240.684 2.S41.536 876.6211 17.614.146 E. T. Bateson's Father Dies. ORKGON CITY. Aup. 9. (Special.) J.C.WILSON&CO. STOCKS, BOXDS, GRAIN AND COTTON MEMBERS NEW YORK STOCK EXCHANGE. NEW YORK COTTON EXCHANGE, CHICAGO BOARD OF TRADE. THE STOCK AND BOND EXCHANGE, SAN FRANCISCO. PORTLAND OmCE: Main Floor Lumbermens Bank Bldg. Fifth and Stark. Phones Marshall 4120. A 4187. E. T. Bateson. a well-known farmer of Viola, passed through the city Thurs day en route to Mount Ansrel, where his father died suddenly Wednesday nijrht. Mr. Bateson received the mes sage early Thursday morning. His father was about 75 years old and had had cancer trouble for several ye.urs. He Is survived bv a widow and three sons, E. T-, of Viola. Frank, of Th Dalles, and Robert, of Gervais. The fu neral will tnke place t Mount Aneel. Vancouver. B. C haa recently d e c i ded to adopt Bitulithic as the standard pavement, by making an initial award for 100,000 yards. Call at Room 700, Journal Bid?., for "Bitulithic Whys."